Quantitative Benchmarks for the Top 3 Use Cases in Utilities, Oil and Gas

In the utilities, oil & gas sector, profit increase KPI by use case show high impacts for the three most common use cases (risk exposure, predictive maintenance and regulatory intelligence). However, the context is slightly different when considering oil & gas (a pioneer of advanced analytics, but a mainly resource-focused industry) and utilities (more focused on distribution issues and final customers, dealing with the introduction of smart grids). The diffusion of smart meters generating vast datasets on users' behaviour is enabling better demand prediction and interest in AI, particularly through the introduction of machine learning technologies, but also predictive maintenance across the entire grid.